PDF attached
Index funds were very busy buying corn and soybean meal. Traders missed estimates for the net long corn position (more long than expected) for the week ending 9/22 and also missed in the other direction the soybean position.
FUTURES + OPTS Managed Swaps Producer
Net Chg Net Chg Net Chg
Corn 95,912 37,356 179,215 5,992 -299,308 -35,471
Soybeans 211,143 19,369 122,210 3,247 -338,490 -13,692
Soymeal 65,248 21,550 77,182 610 -191,094 -25,940
Soyoil 101,702 7,139 89,707 -2,310 -232,384 -7,939
CBOT wheat 14,543 -570 89,683 -8,110 -100,818 4,701
KCBT wheat 18,463 8,272 44,006 -1,259 -64,594 -5,522
MGEX wheat -2,298 710 2,313 154 -1,275 -1,395
———- ———- ———- ———- ———- ———-
Total wheat 30,708 8,412 136,002 -9,215 -166,687 -2,216
Live cattle 57,999 -1,622 79,898 -301 -141,469 1,652
Feeder cattle 710 -800 4,680 510 -3,401 39
Lean hogs 43,580 1,108 48,462 -171 -99,605 -3,192
Source: Reuters and CFTC
Terry Reilly
Senior Commodity Analyst – Grain and Oilseeds
Futures International │190 S LaSalle St., Suite 410│Chicago, IL 60603
W: 312.604.1366
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CommitFI092520.pdf